Key points
Only individual shareholders may hold shares, and directors must be shareholders. The required proportion of directors must be PAs, with a Singapore-resident PA directing the public accountancy services. At least two-thirds of voting shares must belong to corporate practitioners. Paid-up capital must reach S$50,000.
Planning your next steps
ACRA also prescribes professional-indemnity coverage and constitutional provisions. Nominee shareholding and security over shares are not permitted arrangements under the stated rules. Vacancies and a practitioner's loss of registration can trigger additional restrictions. Review the full requirements when designing ownership rather than using an ordinary company constitution without checking its suitability for a PAC.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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